GHP Investment Advisors Inc. raised its stake in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,862 shares of the asset manager’s stock after purchasing an additional 550 shares during the period. GHP Investment Advisors Inc.’s holdings in T. Rowe Price Group were worth $2,399,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC bought a new position in T. Rowe Price Group during the 3rd quarter worth $118,000. Grove Bank & Trust raised its position in T. Rowe Price Group by 178.7% during the 3rd quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock worth $119,000 after purchasing an additional 840 shares during the last quarter. Tower Research Capital LLC TRC raised its position in T. Rowe Price Group by 50.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,472 shares of the asset manager’s stock worth $155,000 after purchasing an additional 491 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in T. Rowe Price Group during the 3rd quarter worth $202,000. Finally, Stock Yards Bank & Trust Co. bought a new position in T. Rowe Price Group during the 4th quarter worth $205,000. 72.88% of the stock is owned by institutional investors and hedge funds.
T. Rowe Price Group Inc (NASDAQ TROW) opened at $116.97 on Wednesday. T. Rowe Price Group Inc has a 12-month low of $66.70 and a 12-month high of $120.07. The firm has a market capitalization of $28,639.92, a PE ratio of 19.59, a PEG ratio of 1.33 and a beta of 1.22.
T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $1.21 EPS. The business’s quarterly revenue was up 17.9% on a year-over-year basis. equities analysts anticipate that T. Rowe Price Group Inc will post 7.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $0.57. This represents a $2.80 annualized dividend and a dividend yield of 2.39%. T. Rowe Price Group’s dividend payout ratio (DPR) is 38.19%.
Several research analysts recently issued reports on TROW shares. Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $113.00 to $125.00 in a research report on Monday, January 8th. BidaskClub raised T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 27th. Morgan Stanley set a $113.00 target price on T. Rowe Price Group and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Wednesday, December 27th. Finally, TheStreet raised T. Rowe Price Group from a “c+” rating to a “b+” rating in a research report on Monday, March 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $110.50.
In other news, Director Freeman A. Hrabowski III sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $101.59, for a total value of $406,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher D. Alderson sold 91,605 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $103.28, for a total value of $9,460,964.40. Following the completion of the sale, the vice president now owns 169,816 shares of the company’s stock, valued at $17,538,596.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,671 shares of company stock valued at $10,707,156. Corporate insiders own 3.60% of the company’s stock.
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About T. Rowe Price Group
T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.
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